Investigating the level of increasing earnings management of industrial firms seasoned equity offerings listed on Vietnam’s stock exchange

Abstract

This study investigates the extent of earnings management of 43 industrial firms secondary equity offerings in 2010
listed on Vietnam’s stock exchange. Modified Jones Model (1995) is employed to measure discretionary accruals
(DA)-representation for the extent of earnings management. This result showed that, magnitude of average earnings
management of 43 industrials firms is 0,0542821 in comparision with total assets of previous year.